Restaurant Brands International (QSR) Operating Leases (2013 - 2026)

Restaurant Brands International (QSR) reported Operating Leases of $1.9 billion for Q1 2026, up 7.46% year-over-year from $1.8 billion in Q1 2025, and up 0.84% quarter-over-quarter from $1.9 billion in Q4 2025.

Restaurant Brands International (QSR) Operating Leases (2013 - 2026) Analysis & Trends

Restaurant Brands International (QSR) has 14 years of Operating Leases data on file, last reported at $1.9 billion in Q1 2026.

  • Operating Leases for Q1 2026 came in at $1.9 billion, up 7.46% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.9 billion (up 7.46% YoY), and the FY2025 annual result was $1.9 billion, up 7.34% from the prior year.
  • Operating Leases climbed to $1.9 billion in Q1 2026 per QSR's latest filing, from $1.9 billion in the prior quarter.
  • Over five years, Operating Leases peaked at $1.9 billion in Q1 2026 and troughed at $1.0 billion in Q3 2022.
  • A 5-year average of $1.4 billion and a median of $1.1 billion in 2024 frame the typical range for Operating Leases.
  • The sharpest annual moves came in 2023 and 2024: Operating Leases retreated 5.12% in 2023, then soared 76.97% in 2024.
  • A 5-year view of Operating Leases shows it stood at $1.0 billion in 2022, then rose by 3.12% to $1.1 billion in 2023, then jumped by 67.14% to $1.8 billion in 2024, then gained by 7.34% to $1.9 billion in 2025, then advanced by 0.84% to $1.9 billion in 2026.
  • Business Quant data shows QSR's Operating Leases at $1.9 billion in Q1 2026, $1.9 billion in Q4 2025, and $1.8 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn
10 Dutch Bros 8.99 Bn 8.95 Bn 107.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.92 Bn
Dec 31, 2025 1.90 Bn
Sep 30, 2025 1.84 Bn
Jun 30, 2025 1.84 Bn
Mar 31, 2025 1.78 Bn
Dec 31, 2024 1.77 Bn
Sep 30, 2024 1.78 Bn
Jun 30, 2024 1.77 Bn
Mar 31, 2024 1.08 Bn
Dec 31, 2023 1.06 Bn
Sep 30, 2023 1.00 Bn
Jun 30, 2023 1.04 Bn
Mar 31, 2023 1.02 Bn
Dec 31, 2022 1.03 Bn
Sep 30, 2022 1.00 Bn
Jun 30, 2022 1.05 Bn
Mar 31, 2022 1.07 Bn
Dec 31, 2021 1.07 Bn
Sep 30, 2021 1.06 Bn
Jun 30, 2021 1.08 Bn